Savvly Receives SEC Exemptive Relief for Longevity-Linked Investment Products
Savvly, Inc. has received SEC Exemptive Relief to launch a new category of longevity-linked investments aimed at helping individuals mitigate the financial risks of outliving their savings. The product, called Longevity Benefits, offers structured lump-sum payouts at defined later-life ages, funded through pooled capital. The move addresses a growing retirement savings shortfall, with estimates suggesting a $4 trillion gap in retirement readiness for American households.
Tickers: $NA
Topics: capital market structure financial technology longevity-based investments retirement savings SEC approval